Cabinet Hardware Market Report

The global cabinet hardware market is predicted to gain growth on the back of increasing purchase of modern home and office furniture. Cabinets are commonly installed in residential and commercial spaces as they add decorative as well as functional value to interiors. Cabinets are no longer used for just storage; today, they are part of some of the finest interior designing plans. With increasing demand for contemporary and also vintage cabinets, the requirement of suitable cabinet hardware is predicted to grow in the coming years. Distributors are foreseen to concentrate on strengthening their direct retail business to gain more revenue in the global market. Wayfair, a US ecommerce company that sells home goods, announced in its Q2 2019 results that its direct retail net revenue jumped 42% Y-o-Y.

According to QYR Consulting, the global cabinet hardware market is forecast to achieve a value of US$12.7 Bn by 2025, growing at a robust CAGR of 6.8% during the forecast period 2019-2025. In 2018, the global market attained a value of US$8.0 Bn.

Market Dynamics

Growing interest in interior decoration and increasing commercial and residential infrastructure development activities are expected to create sales opportunities in the global cabinet hardware market. High demand for multifunctional cabinets with attractive features such as multipurpose storage is anticipated to augur well for the global market. From budget-friendly to premier products, there is a broad array of products offered by manufacturers to cater to different types of consumers. Rising rate of urbanization, adoption of modern interior designs, and increasing disposable income are some of the other significant factors prophesied to support the demand for sophisticated cabinet hardware.

Market Segments

The global cabinet hardware market is segmented according to product type and application. Among product type segments are cabinet hinges, cabinet knobs, cabinet pulls, and others. Among applications, the report includes segmental analysis on residential, commercial, and others.

By Region

Key Players

The report covers leading players of the global cabinet hardware market, including Blum, YaJie Kitchenware, Hettich, J.G. Edelen, GRASS, Salice, Häfele, Spectrum Brands Holdings (HHI), Assa Abloy, and Allegion.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.